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M&A Deal Summary

Granite Shore Power Acquires Eversource Energy - Three Fossil Generation Facilities

On October 12, 2017, Granite Shore Power acquired utilities company Eversource Energy - Three Fossil Generation Facilities from Eversource Energy

Acquisition Highlights
  • This is Granite Shore Power’s 1st transaction in the Utilities sector.
  • This is Granite Shore Power’s 1st transaction in the United States.

M&A Deal Summary
Date 2017-10-12
Target Eversource Energy - Three Fossil Generation Facilities
Sector Utilities
Buyer(s) Granite Shore Power
Sellers(s) Eversource Energy
Deal Type Divestiture

Target

Eversource Energy - Three Fossil Generation Facilities

United States
Eversource Energy - Three Fossil Generation Facilities and two remote combustion turbines comprises Fossil Assets – 1,130.1 MW total nameplate capacity Merrimack Station, Bow; Coal/oil; 502.0 total megawatts (MW) Newington Station, Newington; Oil and/or natural gas; 416.0 MW Schiller Station, Portsmouth; Coal/oil/biomass; 171.7 total MW Lost Nation, Groveton; Oil; 18.0 MW White Lake, Tamworth; Jet fuel; 22.4 MW.

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Buyer(S) 1

Buyer

Granite Shore Power

Bow, New Hampshire, United States
Category Company
Founded 2018
Sector Utilities
DESCRIPTION

Granite Shore Power is a power generation company that owns and operates a portfolio of electric generation facilities in New Hampshire. The Company supplies energy to the regional power grid and focuses on ensuring reliable electricity generation through a mix of thermal assets. Granite Shore Power was founded in 2018 and is headquartered in Bow, New Hampshire.

DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Eversource Energy

Springfield, Massachusetts, United States
Category Company
Founded 1927
Sector Utilities
Employees10,680
Revenue 11.9B USD (2024)
DESCRIPTION

Eversource Energy operates new England's utility system serving more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. Eversource Energy was founded in 1927 and is headquartered in Springfield, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector: Utilities M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: United States M&A 3 of 3
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 Eversource Energy - Nine Hydroelectric Facilities

Springfield, Massachusetts, United States

Eversource Energy's Nine Hydroelectric Facilities comprises Hydro Assets – 68.2 MW total nameplate capacity Amoskeag Hydro, Manchester; 16.0 MW Ayers Island, Bristol; 8.4 MW Canaan Hydro, West Stewartstown; 1.1 MW Eastman Falls, Franklin; 6.4 MW Garvins Falls, Bow; 12.1 MW Gorham Hydro, Gorham; 2.2 MW Hooksett Hydro, Hooksett; 1.6 MW Jackman Hydro, Hillsborough; 3.2 MW Smith Hydro, Berlin; 17.2 MW. Eversource Energy's Nine Hydroelectric Facilities is based in Springfield, Massachusetts.

Sell $83M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 Columbia Gas of Massachusetts

Westborough, Massachusetts, United States

Columbia Gas of Massachusetts Columbia Gas currently serves 330,000 natural gas customers in more than 60 communities in Massachusetts. Columbia Gas of Massachusetts is based in Westborough, Massachusetts.

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